Veterinary Telemetry Systems Market Size
Rising at 6.5% CAGR from 2023 to 2032, veterinary telemetry systems market size exceeded USD 255 million in 2022. The market is probably going to flourish with a respectable rise in pet care expenditure and increasing adoption of pet health insurance.
To get key market trends
Along with raising pet adoptions, the COVID-19 epidemic's unexpected start has spurred pet health spending. Pet health is becoming more and more important to owners as well as the availability of several insurance choices drives demand for technologically advanced treatments. Therefore, by 2032 the espousal of telemetry systems for ongoing vital sign monitoring of pets is predicted to rise.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Veterinary Telemetry Systems Market Size in 2022 | USD 259.6 Million |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 6.6% |
| 2032 Value Projection | USD 489.6 Million |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 190 |
| Tables, Charts & Figures | 335 |
| Segments covered | Product Type, Mobility, Animal Type, Application, End-user, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Veterinary telemetry systems market expansion may be hampered by the low availability of veterinary clinics, hospitals, and veterinary practitioners in developing nations. Furthermore aggravating the industry revenue sources by end of 2032 are significant prices related to the advanced telemetry systems and restricted availability of insurance solutions.
Veterinary Telemetry Systems Market Analysis
Learn more about the key segments shaping this market
By 2032 the industry share from the category on vital signs will be USD 260 million. Periodically measured vital physiologic parameters include oxygen saturation (SpO2), noninvasive blood pressure (NIBP), pulse rate, temperature, and respiration rate using vital signs monitors. Wearable devices' continuous vital sign monitoring helps to precisely forecast dogs' possible clinical decline and improves treatment efficiency. Market numbers will be driven by increasing knowledge of pet health and technology advancements in remote patient monitoring.
Learn more about the key segments shaping this market
Set to show a good development between 2023 and 2032, the cardiology category crossed a valuation of 45% of the veterinary telemetry systems market share in 2022. The great frequency of cardiovascular problems among companion animals worldwide will help to complement the expansion of the company. Furthermore accelerating segment expansion is the increased availability of cardiac monitors for continuous monitoring of the heart and respiratory rate.
By 2032, veterinary clinics sector is estimated to be worth more than USD 275 million. The demand for the product in hospital environments will be driven by a big patient population visiting for different diseases. Growing love of animals and the availability of established infrastructure for ongoing patient monitoring in these institutions help the market to advance. Moreover, government officials especially concentrate on building contemporary, well-equipped medical facilities to offer optimal conditions. Apart from this, the growing number of surgical operations carried out in a hospital environment supports the business growth.
Looking for region specific data?
North America veterinary telemetry systems market is set to capture 42% share in 2022 and is primed to witness an upward trend by 2032. The growing pet acceptance rate, in line with the increasing number of skilled veterinary practitioners, may drive regional business growth. Growing animal health expenditure coupled with the availability of pet insurance boosts the requirement of technically advanced diagnostic and therapeutic systems. However, the prominence of key particpants in the region and a steady rise in the number of veterinary professionals owing to attractive opportunities in the veterinary industry will foster market outlook.
Veterinary Telemetry Systems Market Share
Major players in the veterinary telemetry systems business scenario include
- Medtronic plc
- DRE Medical Inc (Avante Health Solutions)
- Nonin
- Shenzhen Mindray Animal Medical Technology Co Ltd
- Masimo Corporation
- Digicare Biomedical
- Dextronix,
- Midmark Corp
- Smiths Medical (ICU Medical, Inc.),
- Bionet
Companies in this business space have been adopting several growth measures to bolster their revenues and strengthen their market position.
This market research report on veterinary telemetry systems includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments
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Market, By Product
- Vital signs monitors
- ECG/EKG monitors
- Anesthesia monitors
- Accessories
- Other veterinary telemetry systems
Market, By Mobility
- Portable systems
- Floor Standing systems
- Compact/Tabletop systems
Market, By Animal
- Small animals
- Large animals
- Other animals
Market, By Application
- Respiratory
- Cardiology
- Neurology
- Other applications
Market, By End-user
- Veterinary hospitals
- Veterinary clinics
- Other end-users
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
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